DTCC announced today that four new Board members have joined its Board of Directors.
The new Directors are Brian Gallagher of JPMorgan Chase, Christopher Gelvin of UBS, Jon Herrick of the New York Stock Exchange and Igor Modlin of Goldman Sachs.
Brian Gallagher serves as Global Head of Markets Operations at JPMorgan Chase. Gallagher leads a global team responsible for all aspects of operational support for the sales and commercial enterprise markets. Gallagher worked at JPMorgan Chase for 23 years, holding various roles and leadership positions at the firm.
Christopher Gelvin serves as Chief Operating Officer of the Group Operations and Technology Office (GOTO) at UBS. Gelvin is responsible for strategic planning and operations management for GOTO, data governance and the technology investment portfolio across the company. He has been with UBS for almost 20 years, holding several leadership roles in Business and Technology.
Jon Herrick serves as Chief Product Officer at the NYSE, part of the Intercontinental Exchange, where he is responsible for product development and innovation across all areas of the exchange’s business. In his role, he oversees the NYSE trading and market data businesses, driving competitive strategy and distribution. Previously, Jon served as head of markets at the NYSE, overseeing the exchange’s equities and operations.
Igor Modlin serves as Global Head of Prime Services Product Development at Goldman Sachs, where he is responsible for Prime Services efforts on the other side. He is also a member of the US Client Assets Steering Committee. Modlin joined Goldman Sachs in 2005 and was appointed managing director in 2010 and partner in 2018.
“We are pleased to welcome Brian, Christopher, Jon and Igor to the Board of Directors,” said Kevin M. Kessinger, Non-Executive Chairman of the DTCC Board of Directors. “They bring extensive leadership, deep subject matter expertise and diverse financial services experiences to the Board at a time when the industry is looking for enhanced support at DTCC. As our company takes on a greater role leading change through innovation, we look forward to their guidance, ideas and contributions.”
The DTCC Board of Directors currently consists of 22 Directors. Of these, 13 are participating Directors representing members of the clearing firm, including international broker/dealers, custodian and clearing banks and investment institutions. five are non-participating Directors. two Directors are appointed by DTCC’s preferred stockholders, NYSE/ICE and FINRA. and the remaining two members of the Board of Directors are the Non-Executive Chairman and the Chairman and CEO of DTCC.